Whirlpool of India’s board has approved the appointment of Anil Berera as an Independent Director, effective March 1, 2026. Additionally, the board greenlit the acquisition of the remaining 3.18% stake in its subsidiary, Elica PB Whirlpool Kitchen Appliances, making it a wholly-owned entity. The acquisition is expected to close by March 2026 and involves a consideration of approximately INR 59 Crore.
Independent Director Appointment
Anil Berera has been appointed as an Independent Director of Whirlpool of India, commencing March 1, 2026, and serving until November 30, 2029, subject to shareholder approval. Berera brings over 40 years of experience in financial management and corporate governance to the role.
Subsidiary Stake Acquisition
Whirlpool of India will acquire the remaining 3.18% stake in Elica PB Whirlpool Kitchen Appliances Private Limited, its subsidiary. This acquisition will result in Whirlpool of India holding 100% ownership of the subsidiary. The deal is expected to be completed by March 2026.
Financial Details of Acquisition
The acquisition consideration is approximately INR 59 Crore. Elica PB Whirlpool Kitchen Appliances reported a turnover of INR 499 Crores as of March 31, 2025. The subsidiary specializes in manufacturing and trading kitchen appliances.
Financial Performance Overview
For Q3 2026, Whirlpool of India reported standalone revenue from operations of INR 162,413 lacs and a profit after tax of INR 1,345 lacs. Consolidated revenue from operations was INR 177,384 lacs with a profit after tax of INR 2,692 lacs.
Source: BSE
